Cerulli Survey Reveals Only 2.6% Use Crypto for Clients

  • Only 2.6% of financial advisors use cryptocurrency for some clients, up from 1.2% last year.
  • Just $13.8 billion has flowed into Bitcoin funds since their approval in January.
  • Cerulli’s survey shows a slight increase in advisor interest but highlights an enthusiasm gap between professionals and investors.
  • A smaller study by the Digital Assets Council of Financial Professionals found 35% of advisors plan to recommend crypto in the next six months.

A recent Cerulli survey of over 1500 advisors found that only 2.6% use cryptocurrency for some clients, up from 1.2% last year. Despite the approval of regulated products like futures-based and spot-based digital asset ETFs, financial advisors remain largely skeptical or restricted by firm rules from discussing crypto with clients. The survey shows a slight increase in interest but highlights an enthusiasm gap between professionals and investors. A smaller study by the Digital Assets Council of Financial Professionals found 35% of advisors plan to recommend crypto within six months.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the adoption of cryptocurrency funds by financial advisors based on surveys conducted by Cerulli Associates. It also compares the results with another survey by Digital Assets Council of Financial Professionals and Franklin Templeton to highlight potential discrepancies in sample sizes and methodologies. The article presents a balanced view of the current situation without any personal perspective or sensationalism.
Noise Level: 6
Noise Justification: The article provides relevant information about the adoption of cryptocurrency funds by financial advisors and the discrepancy between different surveys’ results. However, it contains some repetitive information and could benefit from more in-depth analysis or comparison of the two surveys mentioned.
Private Companies: Cerulli Associates,Dreamstime,Digital Assets Council of Financial Professionals,Franklin Templeton
Key People:

Financial Relevance: Yes
Financial Markets Impacted: Crypto and Bitcoin ETFs
Financial Rating Justification: The article discusses the adoption of cryptocurrency and Bitcoin ETFs by financial advisors, their clients, and regulatory approvals. It also mentions inflows into these funds. This has an impact on the financial markets as it involves investment decisions and asset management.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text.

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